How to Save on Auto Insurance for 3 Vehicles in 2024 (4 Easy Steps)
The way you save on auto insurance for 3 vehicles is by bundling all cars under one policy, assigning drivers strategically, and exploring additional discounts. Companies offer multi-car savings of up to 25%, and increasing your deductible or using telematics can reduce premiums further.
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading fina...
Licensed Insurance Agent
UPDATED: Oct 24, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 24, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
How to save on auto insurance for 3 vehicles is by using proven strategies like bundling your cars under one policy, which can save you up to 25%. Matching the right drivers to each vehicle based on their risk profile is another effective way to lower your auto insurance rates.
Insurance for multiple cars helps ensure comprehensive coverage at lower costs. Raising your deductibles can help reduce monthly costs. Exploring additional discounts, such as safe driving or multi-policy savings, can also lower costs.
These steps help ensure affordable coverage for multiple vehicles while maximizing savings. Enter your ZIP code above to compare auto insurance quotes for free today.
- Step #1: Bundle Vehicles – Combine cars on one policy for multi-car discounts
- Step #2: Match Drivers to Cars – Assign low-risk drivers to newer cars
- Step #3: Increase Deductible – Raise deductibles to reduce premiums
- Step #4: Explore Discounts – Add telematics and safe driving discounts
4 Steps to Save on Auto Insurance for 3 Vehicles
By bundling your vehicles under one policy, assigning drivers based on their risk profiles, increasing your deductible, and exploring available discounts, you can lower your auto insurance premiums significantly. Bundling can save up to 25%, while discounts like telematics or safe driving programs can reduce costs even further.
Step #1: Bundle Your Vehicles
One of the easiest ways to save is to bundle your three vehicles under one policy. Most insurers offer multi-vehicle auto insurance discounts ranging from 10% to 25%, depending on the provider. Insuring all your cars together simplifies your coverage and reduces the overall premium. Multi-car insurance helps streamline your payments and paperwork, making it more convenient to manage your policies.
Multi-Car Insurance Discounts by Provider
| Insurance Company | Savings |
|---|---|
 | 15% |
 | 15% |
 | 15% |
 | 25% |
 | 20% |
 | 12% |
 | 15% |
 | 15% |
 | 20% |
 | 15% |
Ensure you compare quotes from multiple companies, as discounts can vary widely. This bundling strategy works best if all cars are regularly driven and have similar insurance needs.
Step #2: Match Drivers to Cars
When insuring multiple vehicles, assigning the right driver to each car can reduce your premium. Insurance companies assess risk based on driver demographics, including factors like auto insurance for 3 cars and 2 drivers, auto insurance rates by age, gender, and driving history.
Assign newer cars to more experienced, low-risk drivers for the lowest premiums, which is especially important when you’re managing auto insurance for 3 cars or insurance for 3 cars and 2 drivers.
If you have a teen driver, assigning them to the least valuable car can also help lower costs. This method ensures you’re getting the best rate for each vehicle-driver combination.
Step #3: Increase Your Deductible
Raising your auto insurance deductible can lead to significant savings on your premium, especially when insuring multiple cars. A higher deductible means you’ll pay more out of pocket in the event of a claim, but your monthly premiums will be lower. If you’re wondering how much is auto insurance for 3 cars, raising the deductible may provide a noticeable reduction in premium.
Before opting for this strategy, ensure you have the financial means to cover the higher deductible in case of an accident. This step is a good option if your drivers are experienced and less likely to file a claim.
Step #4: Explore Additional Discounts
Many insurance companies offer additional savings opportunities and multiple car insurance discounts. Save money by bundling insurance policies like home and auto insurance, using telematics devices to track safe driving, and maintaining a clean driving record, which can all contribute to lower premiums. These strategies show you how to save on auto insurance while insuring several vehicles.
Speak with your provider to explore which discounts you qualify for. The more discounts you combine, the more significant your potential savings across all three vehicles.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Understanding Auto Insurance With 3 Vehicles
Insuring three vehicles under one policy may seem complex, but with the right approach, it can be simple and cost-effective. You can choose a 3 car insurance policy or explore multiple auto insurance quotes to ensure you’re getting the best deal for your fleet. Regularly reviewing your coverage ensures you can adapt to any changes and continue to save money on auto insurance.
By understanding how these factors interact, you can make smarter decisions that lead to lower premiums.
- Driver Assignment: Each driver’s age, driving history, and location impact the premium. Assigning more experienced drivers to newer or more valuable vehicles can lower overall costs.
- Vehicle Value & Usage: Each vehicle’s factors play a crucial role in determining auto insurance rates by vehicle make and model or by age. Newer cars may require more comprehensive coverage, while older vehicles could benefit from minimal coverage.
- Policy Discounts: Using multi-car discounts, bundling home and auto policies, or exploring telematics discounts can lead to significant savings.
When managing multiple vehicles on a single policy, regularly review your coverage to ensure it matches your current needs. Tailoring your insurance based on vehicle usage and driver profiles can help you maximize your savings while maintaining adequate coverage for each vehicle.
Three Cars, Three Drivers Auto Insurance
Having three cars to insure, driven by three different drivers, allows you to combine them all under a single policy with most insurance providers. If you’re considering insurance for 3 cars and 3 drivers, it’s crucial to explore all possible options, including how much is insurance for 3 cars and 3-way auto insurance alternatives.
Insurance companies consider teen drivers a higher risk, given they're three times more likely to be involved in a fatal car crash than adult drivers. So, if one of the drivers is a teen, expect rates to go up.Kristen Gryglik Licensed Insurance Agent
However, bundling them with their parents on the same policy may at least get you a discount. Teens can also stay on their parent’s policy until they’re 21, and even longer if they’re students. Read more about the cheapest auto insurance for teens.
Three Cars, Two Drivers Auto Insurance
Married couples with no children may have three or more vehicles but wonder if the best auto insurance companies for married couples will offer multi-car discounts since there are only two drivers. The answer is yes. Some companies provide a discount, but the rates for the third car will be calculated based on year, make, and model.
When bundling three vehicles with two drivers, the rates will be charged based on the two drivers’ demographics and then the third car’s vehicle details. The same principle would apply to a single driver with multiple vehicles, although that scenario is much less common.
More About Saving Money on Auto Insurance for 3 Cars on One Policy
When insuring three vehicles, multi-car discounts can save you up to 25% on your premium. Bundling all your vehicles under one policy and strategically assigning drivers to each car can also significantly lower costs, especially when you pair experienced drivers with high-value vehicles.
Additionally, consider adjusting coverage based on each car’s value and usage. For instance, older vehicles may not require comprehensive coverage, allowing you to save further.
How much difference can car insurance discounts 💰make in your premiums? How do you get the discounts you deserve? https://t.co/27f1xf1ARb has written a guide 📰to make it easy. For all things discount, check out👉: https://t.co/JEnTbtVTG3 pic.twitter.com/7jqUU0ejiP
— AutoInsurance.org (@AutoInsurance) August 10, 2023
To ensure you’re getting the best rate, it’s crucial to know how to compare auto insurance quotes from multiple insurers regularly. Insurance rates vary between companies; new discounts or promotions may offer better deals. Bundling other policies, like home or renters insurance, with your auto coverage can also lead to additional savings.
By reviewing your policy annually and exploring available discounts, you can optimize your coverage and how to save money on auto insurance for all three vehicles.
Maximize Auto Insurance Savings With the Right Strategies
Insuring three vehicles doesn’t have to break the bank if you employ innovative strategies. You can significantly lower your premiums by bundling your cars under one policy, assigning drivers to reduce risk, choosing a good deductible for auto insurance, and exploring every discount available.
Regularly reviewing your policy and comparing quotes from different providers will ensure you always get the best deal. With these proactive steps, you can enjoy comprehensive coverage for all your vehicles while keeping costs in check. Enter your ZIP code below to get started on finding cheap car insurance for three cars on one policy.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Frequently Asked Questions
How much does it cost to add a third car to insurance?
Full coverage auto insurance for one person averages $119 monthly, and you can save up to 25% with a multi-car discount. However, the cost of adding a third vehicle to your auto insurance varies.
Can I have three cars on my insurance?
Yes, most of the best auto insurance companies allow you to get car insurance for three cars.
Is it cheaper to have three cars on one policy?
Bundling your insurance policies for your three vehicle with the same provider can often lead to discounts. When you have multiple vehicles, consider insuring them with the same company to get a multi-car discount.
Are there any other discounts I should be aware of?
In addition to multi-car discounts, you can explore several other ways to save on auto insurance for three vehicles. These include good driver, good student, and safety features discounts, as well as discounts for low mileage or completing a defensive driving course. Each discount targets specific driver behaviors or vehicle characteristics to reduce premiums.
How can I lower insurance costs for a rarely used third vehicle?
If one of your vehicles is rarely used, consider adjusting its coverage to reflect its lower risk. If the vehicle’s value is low, you can drop comprehensive and collision auto insurance coverage or switch to usage-based insurance, which charges based on actual driving. This strategy can significantly reduce your premiums for a less frequently driven car.
Enter your ZIP code to find low-cost usage-based insurance plans and see how much you could save by adjusting your coverage for rarely used vehicles.
Is it worth increasing my deductibles to save on auto insurance with three vehicles?
Increasing your auto insurance deductibles can be a way to lower your insurance premiums for three cars and three drivers, but it’s essential to consider the potential financial impact. Higher deductibles mean you’ll have to pay more out of pocket in the event of a claim.
Before deciding, assess your ability to comfortably cover the increased deductible amount. Speak to your insurance company to understand how much you could save and weigh the potential financial risk against it.
Should I review my coverage options for each vehicle?
Yes, reviewing your coverage options for each vehicle is essential. Insurance requirements and coverage needs may vary for different cars. Consider factors such as each vehicle’s age, value, and usage to determine the appropriate coverage.
For example, if you have an older vehicle with a lower value, you might consider dropping comprehensive or collision coverage to save on premiums. However, ensure you comply with your jurisdiction’s minimum legal insurance requirements.
Does mileage affect insurance rates when insuring three cars?
Yes, annual mileage affects auto insurance rates, as insurance companies often consider each vehicle’s mileage when determining premiums. If one of your cars is used for long-distance commuting while another is for short trips, you might pay more for the higher-mileage vehicle. Ensure that each vehicle’s mileage is accurately reported to avoid overpaying for low-mileage cars.
Is it beneficial to shop around and compare quotes from different insurance companies?
Yes, shopping around and comparing quotes from different insurance companies is always a good idea. Prices and discounts can vary significantly between insurers, so obtaining multiple quotes allows you to find the most competitive rates for your three vehicles.
Remember that while price is important, you should also consider the reputation, customer service, and coverage options provided by each insurance company.
What are some ways you can save on auto insurance for three vehicles?
The ways are increasing your deductible, using telematics, and bundling policies are all options that reduce costs. If you’re a safe driver and willing to have your driving behavior monitored, installing telematics devices in your vehicles could result in cost savings on your insurance for three cars.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading fina...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.